General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
Inheriting a Tenant
I just got my first property under contract, it's the first property I've ever purchased including primary residence. It's a 2 unit building and I'm moving into one and renting the other.
The sellers agent says the current tenant isn't in a lease and pays monthly rent between $1100 to $1200.
Im approaching this tenant for the first time. I want to raise rents and ask him/her to sign a lease. The market indicates I can get about $1300 for this unit.
Is there a way to do this without ruffling feathers? Any advice is appreciated.